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If things go south for U.S. steel, into a default situation, the loss on the equity is absorbed by the gains on the CDS, which would pay out the inverse of whatever creditors recover.
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If you find yourself in the wrong sort of relationship, things can go south quickly.
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It is impossible to make an exact prediction, especially without knowing the exact details of his medical history, but my many years of experience taking care of people in their eighth decade tells me that he has little reserve, that stress is a major factor, and that things can go south in a hurry.
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But when Facebook finally went public, things started to go south.
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He cannot get all the credit when things go well, and then take no blame when it goes south.
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